[ad_1]
Check out the companies making headlines after the bell. Amazon – Shares rose nearly 10% after the e-commerce giant reported fourth-quarter results that exceeded analysts’ expectations. Amazon reported earnings of $1 a share on revenue of $169.96 billion, more than analysts expected by 80 cents a share on $166.21 billion, according to LSEG, formerly known as Refinitiv. META – The technology stock rose more than 14% after reporting better-than-expected fourth-quarter earnings of $5.33 per share on revenue of $40.11 billion. That beat LSEG’s expected earnings of $39.18 per share on revenue of $4.96 billion. The company also declared its first dividend payment, which was valued at 50 cents. Deckers Outdoor – The footwear stock rose 4.7% after reporting fiscal third-quarter earnings of $15.11 per share, better than the $11.48 expected by FactSet. Deckers’ revenue of $1.56 billion exceeded LSEG’s forecast of $1.45 billion. Meanwhile, the company announced that CEO Dave Powers will retire on August 1, with its Chief Commercial Officer Stefano Carotti stepping into the role. Skechers – The sneaker maker fell 10% after reporting mixed fourth-quarter results and issuing light guidance for the full year. Skechers is calling for revenue of $8.6 billion to $8.8 billion and earnings of $3.65 to $3.85 per share in 2024. Analysts polled by LSEG are forecasting revenue of $8.9 billion and earnings of $4.18 per share this year. Clorox – The consumer products maker jumped 7.4% after fiscal second-quarter revenue beat expectations. Clorox posted $1.99 billion, above the $1.8 billion consensus revenue estimate of analysts surveyed by LSEG. Coursera – Shares of the online course provider rose as much as 4.5% after reporting earnings of 6 cents per share. According to LSEG, analysts expected the company to post a loss on a per-share basis. Meanwhile, Coursera reported revenue of $168.9 million, above the consensus estimate of $164.1 million. The company also guided for full-year revenue above analysts’ estimates. Microchip Technology – Shares fell 2.2% after the semiconductor products maker posted a weak outlook for the fiscal fourth quarter. Microchip reported fiscal third-quarter revenue of $1.77 billion, in line with analysts’ expectations, according to LSEG. Columbia Sportswear – The sportswear maker lost 6% after posting fourth-quarter earnings and revenue that disappointed analysts’ expectations. Columbia also raised its first-quarter and full-year guidance below FactSet’s estimate. Apple – The tech giant slipped 2% despite fiscal first-quarter earnings and a decline in revenue. Apple reported earnings of $2.18 per share, versus the $2.10 estimated by LSEG, while its revenue of $119.58 billion also exceeded analysts’ forecast of $117.91 billion. But shares could fall due to a 13% decline in China sales. — CNBC’s Alexander Herring and Darla Mercado contributed reporting.
